Higher path feeding BoC inflation forecasts – TD Securities

Higher path feeding BoC inflation forecasts – TD Securities

TD Securities strategists expect the Bank of Canada’s (BoC) April Monetary Policy Report (MPR) to embed significantly higher Oil assumptions, with Brent at USD 90 and West Texas Intermediate (WTI) at USD 85, versus a prior USD 55 WTI baseline. They see this driving a temporary rise in headline Consumer Price Index (CPI) toward 3% […]

Tight gas outlook and conflict risks support prices – BNY

Tight gas outlook and conflict risks support prices – BNY

BNY’s Bob Savage reports that Oil remains a key market barometer as the Iran war disrupts supply, with Brent up sharply and the International Energy Agency warning that the global natural gas market will stay tight for at least two more years. The conflict has removed significant oil and LNG capacity, delaying new LNG expansion […]